Camden Crawl festival announces liquidation plan as artists vent anger
- Credit: Archant
Cult festival Camden Crawl has announced it will start liquidation proceedings just weeks after celebrating its 19th anniversary - with many artists and bands at risk of being left unpaid.
Organisers say poor ticket sales for this year’s event has meant it will be “unable to pay its debts in full to any suppliers, staff or the Company’s directors and shareholders”.
The event has been a key date in the indie festival circuit and has played host to big name artists like Amy Winehouse and Mumford and Sons.
Last month’s Camden Crawl saw what critics said was “a noticeably more cutting-edge line-up” to previous years, cutting back on corporate sponsors in an attempt to go back to the festival’s roots.
As news broke of the liquidation, unpaid stars turned to Twitter to voice their anger.
You may also want to watch:
A statement released on the Camden Crawl website read: “Due to ticket sales falling far short of expectations for this year’s event, Crawl Promotions Ltd, the Company which promotes the Camden Crawl, is unable to pay its debts in full to any suppliers, staff or the Company’s directors and shareholders.
“As it stands the total debts substantially exceed the value of the assets of the Company.
- 1 Nazanin may become 'bargaining chip' in Iran nuclear deal, warns husband
- 2 'Silver lining of lockdown': Blockheads saxophonist brings Muswell Hill cheer
- 3 Camden's Levertons to arrange the funeral of Prince Philip on April 17
- 4 Wac Arts: West End stars among ex-students who can 'no longer endorse' charity
- 5 Highgate reopens: Pubs and salons 'elated' to be back as lockdown eases
- 6 Column: Major changes expected at Tottenham in the summer?
- 7 Child artworks breathe life into Hampstead Heath and Gospel Oak bridge
- 8 Crackdown on 'blue badge' disability parking fraud in Haringey
- 9 'It's a godsend': Hampstead pubs and shops back serving the community
- 10 For sale: Edwardian home in East Finchley with south-facing garden
“Because of this completely unanticipated situation and after nearly ten years of successfully promoting the Camden Crawl festival, it is with great regret and sadness that there has been no other option than to convene meetings for the purpose of placing the Company into Creditors’ Voluntary Liquidation.
“An Insolvency Practitioner has been appointed to assist in this process.”
A meeting of shareholders and creditors is scheduled for July 11.